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Legal vacation rental in the Waikiki resort zone. High floor unit 1904 at the Pacific Monarch is fully furnished and income producing. Currently in the hotel rental pool, this turnkey studio offers investors and cash buyers an opportunity to earn revenue from day one and enjoy personal use. This well-maintained studio accommodates up to four guests and has been owner-managed off the market for over ten years, with one full & one partial renovation completed. The unit features breathtaking ocean, mountain, and city views from a high floor, enhancing both rental appeal and personal enjoyment. Two-minute walk to Waikiki Beach and close to Target, Intl. Market Place, ABC Stores, restaurants, shops, and bus lines. This location is ideal for short and long stays. The building has completed major renovations, including upgraded common areas & ground-floor retail. The rooftop sky terrace and pool deck provide panoramic ocean views and sunsets. Unit 1904 is a well-maintained, move-in opportunity in one of Waikiki's most desirable locations. Important Note: No price increase. Prior change was due to a data entry error and has been corrected.